With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

20.04.2026 New

Last weekend, the U.S. dollar fell against the yen. The USD/JPY pair dropped from 159.526 to 157.590. It plummeted from the +2σ to the -3σ levels on the hourly Bollinger Bands.On the 4-hour chart, the price has broken significantly below the 200 EMA with a real body candle, and on the daily chart, it has shifted from above the 20 MA to below it, plunging sharply to just below the 75 MA. Additionally, on the weekly chart, the price has broken below the 10 MA, which had been providing support at the lower end.

Among European currencies, the euro fell against the Australian dollar. The EUR/AUD pair dropped from 1.6461 to 1.6396. On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the downtrend along the 10-period MA continues, and on the daily chart, the pair has hit a new low for the month. The downtrend has retraced to the 50% level of last month’s rebound.On the weekly chart, the retest of the 200-day SMA support line is nearing completion, and the price has broken below it with a real body candle.

Today’s key economic indicators include New Zealand’s trade balance at 7:45 a.m., the UK’s Rightmove house price index at 8:01 a.m., Germany’s producer price index (PPI) at 3:00 p.m., the EU’s construction output at 6:00 p.m., and Canada’s consumer price index (CPI) at 9:30 p.m. We will be watching for further downside potential in the EUR/AUD pair, which has been hitting new lows this month.

Past Market Reports

1. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

3. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

4. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

5. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

6. 13.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

7. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

8. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

9. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

10. 07.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran